Template:Nutshell GMSLA 5.3: Difference between revisions

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{{gmslaprov|5.3}} '''{{gmslaprov|Substitutions of Collateral}}''' <br>
{{gmslaprov|5.3}} '''{{gmslaprov|Substitutions of Collateral}}''' <br>
{{gmslaprov|Borrower}} may call for the return of any posted {{gmslaprov|Collateral}} delivered to {{gmslaprov|Lender}} before it would otherwise be due as long as it first delivers acceptable {{gmslaprov|Alternative Collateral}} to the {{gmslaprov|Lender}}, and otherwise meets the {{gmslaprov|Required Collateral Value}} requirement. <br>
{{gmslaprov|Borrower}} may substitute any {{gmslaprov|Collateral}} it has posted with {{gmslaprov|Alternative Collateral}} that is acceptable to {{gmslaprov|Lender}} long as it delivers the {{gmslaprov|Alternative Collateral}} first, and otherwise meets the {{gmslaprov|Required Collateral Value}} requirement at all times. <br>